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10.03 Trailside Building Lease Agreement
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05-07-2019 City Council Meeting
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10.03 Trailside Building Lease Agreement
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5/2/2019 12:38:59 PM
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to be observed and complied with, all the requirements of a11 policies of comprehensive <br /> general liability, fire and other insurance at any time in force with respect to the Premises. <br /> 17. Default and Remedies. If Tenant shall default in the payment of any installment of Rent or ' <br /> in the payment of any other sum required to be paid by Tenant under this Lease and such <br /> default shall continue for fifteen(15)days after written notice to Tenant, or if Tenant shall <br /> default in the observance or performance of any of the other covenants or conditions in this <br /> Lease,which Tenant is required to observe or perform, and such default sha11 continue for <br /> thirty(30) days after written notice to Tenant, or if a default involves a hazardous condition <br /> and is not cured by Tenant immediately upon written notice to Tenant, or if Tenant shall <br /> abandon or vacate the Premises,then Landlord may treat the occurrence of any one or more <br /> of the foregoing events as a breach of this Lease and thereupon at its option may,without <br /> notice or demand of any kind to Tenant or any other person,terminate this Lease and <br /> immediately repossess the Premises,in addition to all other rights and remedies provided at ' <br /> law or in equity. The provisions of this section shall survive any termination of this Lease. <br /> 18. Notices. All notices required under the terms of this Lease sha11 be deemed to have been <br /> properly served or given three(3)days after their deposit in the United States mail if sent by <br /> registered or certified mail,return receipt requested,postage prepaid, or two (2)days after <br /> deposit in a nationally recognized overnight courier service, addressed to Landlord or Tenant <br /> at the addresses identified in Article One or to such other address within the continental <br /> limits of the United States and to the attention of such party as the parties may from tune to <br /> time designate by written notice to the other. <br /> 19. Entire A�reemen� All prior understandings, letters of intent, discussions and agreements <br /> are merged in the governing terms of this Lease, which is a complete and final written <br /> expression of the intent of the parties. <br /> 20. Miscellaneous. <br /> 20.1.Voluntary and Knowing Action. The parties,by executing this Lease, state that they <br /> have carefully read this Lease and understand fully the contents thereof; that in <br /> executing this Lease they voluntarily accept a11 terms described in this Lease without <br /> duress, coercion,undue influence, or otherwise, and that they intend to be legally bound <br /> thereby. <br /> 20.2. Authorized Signatories. The parties each represent and warrant to the other that(1) <br /> the persons signing this Lease are authorized signatories for the entities represented, <br /> and(2)no further approvals, actions or ratifications are needed for the full <br /> enforceability of this Lease against it; each party inde7nnifies and holds the other <br /> harmless against any breach of the foregoing representation and warranty. <br /> 20.3. No Partnerslup,Joint Venture, or Fiduciary Relationship. Nothing contained in <br /> this Lease shall be interpreted as creating a partnership,joint venture, or relationship of <br /> principal and agent between the parties, it being understood that the sole relationship <br /> created hereby is one of landlord and tenant. No third party is entitled in any way to <br /> 7 <br />
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